IMC Agro Holding started the 2025 spring sowing campaign on April 16 and plans to plant 64.8 thou hectares of corn and 24.9 thou hectares of sunflower, the company’s press service reports.
“Despite the rainy and cold start to spring, as well as frequent air raids, thanks to timely tillage operations in the fall of 2024, the company managed to start the current year’s sowing campaign on time,” said Bohdan Kryvitsky, Chief Operating Officer of IMC.
He expressed confidence that due to the quality upgrade of equipment, IMC will be able to meet the optimal deadlines.
“All inventories have been purchased and delivered, the machinery is in good working order, and all production personnel are ready to lay the foundation for the upcoming spring crops,” Mr. Krivitsky emphasized.
As reported, in the fall of 2024, IMC sowed winter wheat on an area of 20.7 thou hectares, which is about 17% of the company’s land bank.
IMC Agro Holding is an integrated group of companies operating in Sumy, Poltava and Chernihiv regions (north and center of Ukraine) in the crop production, elevators and warehouses segments. The company has a land bank of about 120 thousand hectares and storage capacities of 554 thousand tons, with a harvest of 1.002 million tons in 2023.
In January-September 2024, IMC increased its revenue to $140.8 million, up 43% compared to the same period in 2023. The increase in normalized EBITDA in January-September 2024, as well as the increase in net profit in the agricultural holding, was attributed to higher sales volumes and higher grain prices.
